Asian Citrus (73 HK)

Asian Citrus Holdings owns and operates orange plantations in China. The Company currently
cultivates and sells a variety of oranges. Problems began for Asian Citrus after two of its employees apparently claimed to have identified possible errors in a financial report due to be published for the year to June 2016. In addition, the finance manager of some of Asian Citrus’s Chinese subsidiaries also wrote to the company’s auditors alleging that certain balances in the internal records of certain customers or suppliers do not correspond to the internal records of the group.

Mike Knowles(AsiaFruits): Asian Citrus hit by fraud allegations, 29 Sep 2016

Morning Star: Asian Citrus Shares Suspended Amid Accounting Allegations (ALLISS), 29 Sep 2016

Asian Citrus: Annual Report, 03 Jan 2012

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